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TaylorWebb.eth Ⓜ️🤘
@taylorwebb.eth
gm ☕ I’ve been investing in the Web3 space for over 9 years now, and want to share what I’ve learned and how I invest. You guys already know I’m very bullish on Moxie - this thread isn’t about Moxie, its about investing in Web3 projects in general. None of this is financial advice, I’m simply sharing what I’ve learned and what has worked for me. 🧵👇
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TaylorWebb.eth Ⓜ️🤘
@taylorwebb.eth
1/ Don’t trade I define trading as buying and selling on a short time horizon - hours, day, weeks - trying to time the market price changes. IMO price movements in the short term are just noise, and can’t be predicted any more accurately than a coin toss. Now add trading fees to the equation and it becomes obvious that the average trader loses money - its a negative-sum game. This why I have zero FOMO about all the memecoin mania happening on Solana. Sure, there are some people making lots of money, but most are probably losing. It’s a casino. On average the casino wins, not the gambler.
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TaylorWebb.eth Ⓜ️🤘
@taylorwebb.eth
2/ Past prices can’t predict future prices Ok this take might be a bit more controversial, but I am calling out technical analysis here as being almost entirely BS. For those that don’t know, technical analysis is using math or patterns of historical prices on the chart to try to predict future prices. Trendlines, fibonacci levels (lol), pattern drawing, indicators like MACD, RSI - IMO none of this works, and when I see stuff like this posted I always ignore it. Imagine trying to drive your car by only looking in the rear view mirror. That’s technical analysis.
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Abs 🎩
@abss
I totally agree on this one, lol 😆
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TaylorWebb.eth Ⓜ️🤘
@taylorwebb.eth
TA is astrology for men lol
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